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To: Broken_Clock who wrote (7133)2/3/1999 9:10:00 PM
From: SJS  Read Replies (1) | Respond to of 14427
 
That means there is more risk. Don't you hate it when derivatives move opposite of the way they are supposed to because of volatility. In my mind, that's the time to be agressive, with a hedge. Sell those puts, don't buy em!! Set up a bear spread or a straddle for FEB. Dont' sit naked with just long puts.

Here's more MU data:

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But another chipmaker, Micron Technology (MU), fared better, rising 6 7/8 to 79 1/2. PaineWebber analyst John Lazlo repeated his "buy" rating and lifted his earnings estimates due to expectations of better chip prices.